At 2 a.m., the contract order book is not calm.
Among the three top gainers, the funding rate and open interest are in a standoff. In times like this, it’s best to keep a close watch.
$SOPH is up 28.7%. The funding rate is -0.114%. Shorts are paying to hold their positions up, and open interest has surged 63.8% within an hour.
The aggressive buy order ratio is 0.97—almost all buys. The long-to-short account ratio is 1.35, which also leans bullish.
Shorts are losing money but not withdrawing. This kind of structure is easy to ignite.
$BNC is up 28.4%, with open interest up 854.9%. This number is abnormal.
The funding rate is still 0, meaning the battle between longs and shorts has just begun. The volume is genuinely rushing in, not being built up slowly.
$VVV is up 28.1%. Open interest is up 94.5%. Aggressive buy order ratio is 0.99—almost entirely buy orders pushing higher.
The long-to-short account ratio is 0.71. Actually, there are more short-side retail accounts, but the price is still being pushed through—suggesting the big players are propping up the market.
4th to 10th: USELESS up 27.3%, BLUAI up 21.4%, FORM up 18.6%, FF up 18.3%, Niu Lai up 17.9%, INTW up 14.0%, DOGS up 13.4%.
In the losers list, XAN drops 38.6%, the worst. The funding rate is -0.145%, yet open interest is decreasing by 34.8%. Shorts are exiting rather than adding—completely different from the front-runner squeeze structure.
Squeeze candidates include SOPH. A funding rate of -0.114% is already an extreme value. The cost for shorts to stubbornly hold is getting higher and higher. The longer this drags on, the easier it becomes to get squeezed.
At this late-night hour, it’s clear that funding in the futures market is concentrating into a handful of a few highly volatile names. Watching whether SOPH’s funding rate keeps worsening is the most worth watching signal over the next few hours.
#SOPH #BNC #VVV #Futures market
Live trading note: This account currently holds a long position in FOGO. The rationale hasn’t changed, so I will continue to hold.
Claude Fable 5 provides assistance in generating content; the content is for market information reference only and does not constitute investment advice.
Among the three top gainers, the funding rate and open interest are in a standoff. In times like this, it’s best to keep a close watch.
$SOPH is up 28.7%. The funding rate is -0.114%. Shorts are paying to hold their positions up, and open interest has surged 63.8% within an hour.
The aggressive buy order ratio is 0.97—almost all buys. The long-to-short account ratio is 1.35, which also leans bullish.
Shorts are losing money but not withdrawing. This kind of structure is easy to ignite.
$BNC is up 28.4%, with open interest up 854.9%. This number is abnormal.
The funding rate is still 0, meaning the battle between longs and shorts has just begun. The volume is genuinely rushing in, not being built up slowly.
$VVV is up 28.1%. Open interest is up 94.5%. Aggressive buy order ratio is 0.99—almost entirely buy orders pushing higher.
The long-to-short account ratio is 0.71. Actually, there are more short-side retail accounts, but the price is still being pushed through—suggesting the big players are propping up the market.
4th to 10th: USELESS up 27.3%, BLUAI up 21.4%, FORM up 18.6%, FF up 18.3%, Niu Lai up 17.9%, INTW up 14.0%, DOGS up 13.4%.
In the losers list, XAN drops 38.6%, the worst. The funding rate is -0.145%, yet open interest is decreasing by 34.8%. Shorts are exiting rather than adding—completely different from the front-runner squeeze structure.
Squeeze candidates include SOPH. A funding rate of -0.114% is already an extreme value. The cost for shorts to stubbornly hold is getting higher and higher. The longer this drags on, the easier it becomes to get squeezed.
At this late-night hour, it’s clear that funding in the futures market is concentrating into a handful of a few highly volatile names. Watching whether SOPH’s funding rate keeps worsening is the most worth watching signal over the next few hours.
#SOPH #BNC #VVV #Futures market
Live trading note: This account currently holds a long position in FOGO. The rationale hasn’t changed, so I will continue to hold.
Claude Fable 5 provides assistance in generating content; the content is for market information reference only and does not constitute investment advice.
